2023-03-31-accounts - The White Eagle Lodge

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		Page
Report ofthe Trustees	I	to	13
Report ofthe Independent Auditors-	14 to		17
Statement ofFinancial Activities		18
Balance Sheet		19
Cash Flow Statement		20
Notes to the Cash Flow Statement		21
Notes tothe Financial Statements	22	to	34

						2023	2022
			Unrestdicted	Restricted	Endowment	Total	Total
			funds	funds	funds	funds	funds
		Notes			6	6	6
INCOME AND
ENDOWMENTS FROM
Donations and legacies		2	34,685	123,872		158,557	295,610
Charitable activities
White Eagle teachings spiritual work	and		126,414			126,414	98,102
Investment income		3	99,206		320,618	419,824	384,219
Total			260,305	123,872	320,618	704,795	777,931
EXPENDITURE ON
Raising funds					106,170	106,170	120,409
Charitable activities		6
White Eagle teachings spiritual work	and		937,928			937,928	647,841
Total			937,928		106,170	1,044,098	768,250
Net gains/(losses) on investments			(348,380)		(4,797,256)	(5,145,636)	1,560,393
NET
INCOME/(EXPENDITURE)			(1,026,003)	123,872	(4,582,808)	(5,484,939)	1,570,074
Transfers between funds		19	235,627	(235,627)
Net movement in funds			(790,376)	(111,755)	(4,582,808)	(5,484,939)	1,570,074
RECONCILIATION OF
FUNDS
Total funds brought forward			1,959,905	1,263,356	26,815,615	30,038,876	28,468,802
TOTAL FUNDS CARRIED
FORWARD			1,169,529	1,151,601	22,232,807	24,553,937	30,038,876

	BALANCE SHEET
	31 MARCH 2023
		2023	2022
	Notes
FIXEDASSETS
Tangible assets	12	6,005,751	6,976,093
Investments
Investments	13	14,020,369	16,518,444
Investment property	14	3,025,000	3,025,000
		23,051,120	26,519,537
CURRENT ASSETS
Stocks	15	23,699	19,560
Debtors	'i6	20,167	35,898
Cash at bank and in hand		1,503,319	3,820,380
		1,547,185	3,875,838
CREDITORS
Amounts falling due within one year	17	(44,368)	(356,499)
NET CURRENT ASSETS		1,502,817	3,519,339
TOTAL ASSETS LESSCURRENT
LIABILITIES		24,553,937	30,038,876
NET ASSETS		24,553,937	30,038,876
FUNDS	19
Unrestricted funds		1,169,529	1,959,905
Restricted funds Endowment funds		1,151,601 22,232,807	1,263,356 26,815,615
TOTAL FUNDS		24,553,937	30,038,876

CASH FLOW	STATEMENT
FOR THE YEAR ENDED 31 MARCH 2023
	2023	2022
Notes		9
Cash flows from operating activities Cash generated from operations 1	(1,897,513)	(747,901)
Net cash used in operating activities	(1,897,513)	(747,901)
Cash flows from investing activities Purchase oftangible fixed assets Purchase offixed asset investments	(6,169,858) (3,870,259)	(3,289,128) (2,706,441 )
Sale oftangible gxed assets Sale offixed asset investments	3,975,001 5,092,527	4,741,473
Interest received	17,975	2,111
Dividends received	320,618	304,630
Net cash used in investing activities	(633,996)	(947,355)
Cash flows from financing activities Income attributable to endowment	320,618	304,630
Expenditure attributable to endowment	(106,170)	(120,409)
Net cash provided by financing activities	214,448	184,221
Change in cash and cash equivalents in the reporting period	(2,317,061)	(1,511,035)
Cash and cash equivalents atthe beginning ofthe reporting periiod	3,820,380	5,331,415
Cash and cash equivalents atthe end ofthe reporting period	1,503,319	3,820,380

RECONCILIATION OF NET (EXPENDITURE ACTIVITIES	)/INCOME TO NET	CASH	FLOW FROM O	PERATING
			2023	2022
				5
Net (expenditure)/income for the reporting Statement of Financial Activities)	period (as per the		(5,484,939)	1,570,074
Adjustments for: Depreciation charges Losses/(gain) on investments Interest received			28,749 4,412,257 (17,975)	10,817 (2,157,250) (2,111)
Dividends received			(320,618)	(304,630)
Income attributable to endowment			(320,618)	(304,630)
Expenditure attributable to endowment (Increase)/decrease in stocks Decrease in debtors			106,170 (4,139) 15,731	120,409 6,168 1,690
(Decrease)/increase in creditors			(312,131)	311,562
Net cash used in operations			(1,897,513)	(747,901)
ANALYSIS OF CHANGES IN NET FUNDS
	At	1.4.22 f	Cash flow	At31.3.23 5
Net cash
Cash at bank and in hand	3,820,380		(2,317,061)	'l,503,319
	3,820,380		(2,317,061)	1,503,319
Total	3,820,380		(2,317,061 )	1,503,319

estimated residual value o	ver their exp	ected useful econo	mic life	as follows:
Asset class		Depreciation	method	and rate
Freehold property and impravements		Not provided
Plant and machinery		20%on cost
Fixtures and fittings		20%on cost
Website		33%on cost
Computer equipment		33%on cost
Assets under construction	have not been depreciated as		they were not ready for use at year end.

3.	INVESTMENT INCOM	E
							2023 f	2022f
	Rents received Dividends receivable						81,231 320,618	77,478 304,630
	Interest receivable						17,975	2,111
							419,824	384,219
	All investment income	is derived from assets held in		the	United Kingdom.
	INCOME FROM CHARITABLE ACTIVITIES
	Membership Astrology Publishing Student fees Retreats Room hire Shop income		Activity White Eagle teachings White Eagle teachings White Eagle teachings White Eagle teachings White Eagle teachings White Eagle teachings White Eagle teachings	and and and and and and and	spiritual spiritual spiritual spiritual spiritual spiritual spiritual	work work work work work work work	2023 f 49,011 4,820 38,767 10,407 18,798 1,978 2,633	2022 f. 4S,674 5,961 39„506 2,961
							126,414	98,102
5.	RAISING FUNDS
	Investment management		costs				2023	2022
	Portfolio management						106,170	120,409
6.	CHARITABLE ACTIVITIES COSTS
							Support
						Direct	costs (see
						Costs f	note 7)	Totals f
	White Eagle teachings work	and	spiritual			893,938	43,990	937,928

SUPPORT COSTS					Governance costs f
White Eagle teachings	and	spiditual	work		43,990
Support costs, induded	in	the above, are as follows:
Governance costs				2023	2022
				White
				Eagle
				teachings
				and
				spiritual	Total
				work	activities
				E
Auditors' remuneration				10,030	8,700
Auditors' remuneration work Legal fees	for	non audit		120 33,840	1,800 84
				43,990	10,584
NET INCOME/(EXPENDITURE)
Net income/(expenditure)		is stated	after charging/(crediting):
				2023 f	2022 F
Auditors' remuneration Other non-audit services Depreciation - owned assets				10,030 120 28,749	8,700 1,800 10,817

total employee benefits of the key management personnel (2022:f130,284).	total employee benefits of the key management personnel (2022:f130,284).	total employee benefits of the key management personnel (2022:f130,284).	total employee benefits of the key management personnel (2022:f130,284).	of the charitab	le company w	ere f104,69
COMPARATIVES FORTHE STATEMENT OF FINANCIAL				ACT(1/ITIES
			Unrestricted	Restricted	Endowment	Total
			funds f	funds	funds	fundsf
INCOME AND ENDOWNIENTS	FROM
Donations and legacies			259,142	36,468		295,610
Charitable activities
White Eagle teachings and spiditual		work	98,102			98,102
Investment income			79,589		304,630	384,219
Total			436,833	36,468	304,630	777,931
EXPENDITURE ON
Raising funds					120,409	120,409
Charitable activities
White Eagle teachings and spiritual		work	647,841			647,841
Total			647,841		120,409	768,250
Net gains/(losses) on investments			(100,000)	67,909	1,592,484	1,560,393
NET INCOME/(EXPENDITURE)			(311,008)	104,377	1,776,705	1,570,074
Transfers bebveen funds			475,195	(475,195)
Net movement in funds			164,187	(370,818)	1,776,705	1,570,074
RECONCILIATION OF FUNDS
Total funds brought forward			1,795,718	1,634,174	25,038,910	28,468,802

	NOTES TO THE FINANCIAL STATEME FOR THE YEAR ENDED 31 MA	NOTES TO THE FINANCIAL STATEME FOR THE YEAR ENDED 31 MA	NTS -continued RCH 2023	NTS -continued RCH 2023
11.	COMPARATIVES FORTHE STATEMENT OF FINANCIAL		ACTIVITIES -continued
		Unrestricted	Restricted	Endowment	Total
		funds	funds	funds	funds
		f	6	6	5
	TOTAL FUNDS CARRIED FORWARD	1,959,905	1,263,356	26,815,615	30,038,876
12.	TANGIBLE FIXEDASSETS
				Assets
			Freehold	under	Plant and
			property	construction	machinery
	COST OR VALUATION
	At 1 April 2022 Additions		2,934,900 6,136,450	3,975,001	3,050
	Disposals Revaluations		(3,136,450)	(3,975,001)
	At 31 March 2023		5,934,900		3,050
	DEPRECIATION
	At 1 April 2022 Charge for year				2,214 176
	At 31 March 2023				2,390
	NET BOOK VALUE
	At 31 March 2023		5,934,900		660
	At 31 March 2022		2,934,900	3,975,001	836
		Fixtures
		and		Computer
		fittings F	Website	equipment 6	Totals 6
	COST OR VALUATION
	At 1 April 2022 Additions	43,800 30,807	45,720	11,487 2,601	7,013,958 6,169,858
	Disposals Revaluations				(3,975,001 ) (3,136,450)
	At 31 March 2023	74,607	45,720	14,088	6,072,365
	DEPRECIATION At 1 Apriil 2022 Charge for year	26,758 10,122	2,267 15,240	6,626 3,211	37,865 28,749
	At 31 March 2023	36,880	17,507	9,837	66,614
	NET BOOK VALUE
	At 31 March 2023	37,727	28,213	4,251	6,005,751
	At 31 March 2022	17,D42	43,453	4,861	6,976,D93

FIXEDASSET IN	VESTME	NTS
				Listed
				investments
				6
MARKET VALUE
At 1 April 2022				16,518,444
Additions				3,870,259
Disposals				(4,758,176)
Revaluations				(1,610,158)
At 31 March 2023				14,020,369
NET BOOK VALUE
At 31 March 2023				14,020,369
At 31 March 2022				16,518,444
There were no investments		assets held outside the	UK.
Cost or valuation	at 31 March 2023 is represented		by:

Cost or valuation at 31 March 2023 is represented by:
	Listed
	investments
Valuation in 2023	14,020,369
INVESTMENT PROPERTY
FAIR VALUE
At 1 April 2022
and 31 March 2023	3,025,000
NET BOOKVALUE
At 31 March 2023	3,025,000
At 31 March 2022	3,025,000

14.	INVESTMENT	PROPERTY - c	onti	nued
										6
	Cost									760,629
	Revaluations									2,014,371
										2,775,000
15.	STOCKS
									2023	2022
									6	F
	Stocks								23,699	19,560
16.	DEBTORS:AMOUNTS FALLING			DUE WITHIN ONE YEAR
									2023	2022
									6
	Trade debtors								11,010	6,071
	Other debtors									8,502
	Prepayments	and accrued income							9,157	21,325
									20,167	35,898
17.	CREDITORS:	AMOUNTS FALLING DUE			WITHIN	ONE	YEAR
									2023	2022
	Trade creditors								21,684	46,424
	Social security and other taxes Other creditors								8,421 1,500	5,579 3,349
	Accrued expenses								12,763	301,147
									44,368	356,499
18.	ANALYSIS OF NET ASSETS		BETWEEN		FUNDS
									2023	2022
			Unrestricted		Restricted		Endowment		Total	Total
				funds 6	funds 6			funds f	funds	funds 6
	Fixed assets		245,851				5,759,900		6,005,751	6,976,093
	investments				845,000		16,200,369		17,045,369	19,543,444
	Current assets		968,046		306,601			272,538	1,547,185	3,875,838
	Current liabilities		(44,368)						(44,368)	(356,499)
			1,169,529		1,151,601		22,232,807		24,553,937	30,038,876

MOVEMENT IN FUN	DS
				Net	Transfers
				movement	between	At
			At 1.4.22	in funds	funds f	31.3.23
Unrestricted funds
General fund			1,080,186	(1,046,827)	715,627	748,986
General fund property	revaluation
reserve			163,255			163,255
London legacies			11,712			11,712
Other legades			665,505	29,223	(500,000)	194,728
Regional centre fund			4,860			4,860
Building maintenace	fund		31,080	(8,431)	20,000	42,649
Africa fund			3,307	32		3,339
			1,959,905	(1,026,003)	235,627	1,169,529
Restricted funds
Alina			386,497			386,497
Alina property revaluation		reserve	235,501			235,501
Ylana fund			9,061			9,061
Retreat bursary fund			5,312			5,312
Bricks oflight temple	fund		100,770	123,842	(224,612)
South West property	fund		447,000			447,000
London legacies			58,227			58,227
Regional centre legacies		- North West	10,003			10,003
Temple landscaping			100	30	(130)
Jeremy's jump			10,885		(10,885)
			1,263,356	123,872	(235,627)	1,151,601
Endowment funds
Permanent endowment		fund	23,516,901	(1,446,358)		22,070,543
Endowment property	revaluation
reserve			3,298,714	(3,136,450)		162,264
			26,815,615	(4,582,808)		22,232,807
TOTAL FUNDS			30,038,876	(5,484,939)		24,553,937

Net movement in fun	ds,	included in the	above are as follow	s:
			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
			6		E	6
Unrestricted funds
General fund			231,050	(929,497)	(348,380)	(1,046,827)
Other legacies Building maintenace Africa fund	fund		29,223 32	(8,431)		29,223 (8,431) 32
			260,305	(937,928)	(348,380)	(1,026,003)
Restricted funds
Bricks of light temple	fund		123,842			123,842
Temple landscaping			30			30
			123,872			123,872
Endowment funds
Permanent endowment		fund	320,618	(106,170)	(1,660,806)	(1,446,358)
Endowment property	revaluation
reserve					(3,136,450)	(3,136,450)
			320,618	(106,170)	(4,797,256)	(4,582,808)
TOTAL FUNDS			704,795	(1,044,098)	(5,145,636)	(5,484,939)

Comparatives for m	o	vem	ent in funds
					Net	Transfers
					movement	between	At
				At 1.4.21	in funds	funds f	31.3.22 6
Unrestricted funds
General fund				901,010	(361,315)	540,491	1,080,186
General fund property reserve		revaluation		263,255	(100,000)		163,255
London legacies Other legacies Regional centre fund Building maintenace	fund			11,622 574,971 4,860 40,000	90 146,910	(56,376) (8,920)	11,712 665,505 4,860 31,080
Africa fund					3,307		3,307
				1,795,718	(311,008)	475,195	1,959,905
Restricted funds
Alina				386,497			386,497
Alina property revaluation			reserve	167,592	67,909		235,501
Ylana fund				8,976	85		9,061
External grants Retreat bursary fund Bricks oflight temple	fund			71,620 5,312 465,930	34,840	(71,620) (400,000)	5,312 100,770
South West property	fund			447,000			447,000
London legacies Regional centre legacies- Temple landscaping Jeremy's jump			North West	58,227 10,003 3,254 9,763	421 1,122	(3,575)	58,227 10,003 100 10,885
				1,634,174	104,377	(475,195)	1,263,356
Endowment funds
Permanent endowment		fund		21,972,968	1,543,933		23,516,901
Endowment property reserve	revaluation			3,065,942	232,772		3,298,714
				25,038,910	1,776,705		26,815,615
TOTAL FUNDS				28,468,802	1,570,074		30,038,876

Comparative net mov	em	ent in funds, inc	luded in the above	are as follows:
			Incoming	Resources	Gains and	Movement
			resources f	expended	losses	in funds
Unrestricted funds
General fund			284,361	(645,676)		(361,315)
General fund property	revaluation
reserve					(100,000)	(100,000)
Londan legacies Other legacies			90 149,075	(2,165)		90 146,910
Africa fund			3,307			3,307
			436,833	(647,841)	(100,000)	(311,008)
Restricted funds
Alina property revaluation		reserve			67,909	67,909
Ylana fund			85			85
Bricks of light temple	fund		34,840			34,840
Temple landscaping			421			421
Jeremy's jump			1,122			1,122
			36,468		67,909	104,377
Endowment funds
Permanent endowment		fund	304,630	(120,409)	1,359,712	1,543,933
Endowment property	revaluation
reserve					232,772	232,772
			304,630	(120,409)	1,592,484	1,776,705
TOTAL FUNDS			777,931	(768,250)	1,560,393	1,570,074